PAREXEL INTERNATIONAL LIMITED
Operating as the UK arm of the US-headquartered Parexel group, the company is a contract research organisation backed by EQT Private Equity and Goldman Sachs Asset Management that provides clinical trial management and drug development services to the pharmaceutical and biotechnology sectors.
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Cash
£120M
+856.4% vs 2023
Net assets
£26M
+16.6% vs 2023
Employees
1,013
+1.5% vs 2023
Profit before tax
£70M
+96.4% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £360,212,000 | £585,679,000 | +62.6% | |
| Operating profit | £35,796,000 | £68,357,000 | +91% | |
| Profit before tax | £35,519,000 | £69,771,000 | +96.4% | |
| Net profit | £26,373,000 | £51,743,000 | +96.2% | |
| Cash | £12,533,000 | £119,868,000 | +856.4% | |
| Total assets less current liabilities | £27,349,000 | £30,251,000 | +10.6% | |
| Net assets | £22,258,000 | £25,943,000 | +16.6% | |
| Equity | £22,258,000 | £25,943,000 | +16.6% | |
| Average employees | 998 | 1,013 | +1.5% | |
| Wages | £73,124,000 | £80,887,000 | +10.6% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.9% | 11.7% | |
| Net margin | 7.3% | 8.8% | |
| Return on capital employed | 130.9% | 226.0% | |
| Current ratio | 1.16x | 1.09x | |
| Interest cover | 31.54x | 83.06x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PAREXEL INTERNATIONAL LIMITED 1989-06-14 → present
- RUNMIT LIMITED 1988-11-29 → 1989-06-14
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM Ireland Business Advisory Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate assets to continue in operation for the foreseeable future. For this reason, the Company continues to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 26 February 2025, the Company exercised a break clause in its lease agreement for the office space located at, Second floor, Building 4, Uxbridge Business Park, Uxbridge reducing the expiration date from 25 March 2032 to 1 January 2027. This results in a reduction of the ROU asset and lease liability post year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROWLEY III, Michael Francis | Secretary | 2017-11-01 | — | — |
| BENOIT, John Ronald James | Director | 2024-05-21 | Oct 1970 | American |
| CROWLEY III, Michael Francis | Director | 2017-11-01 | Oct 1969 | American |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATT, Douglas Alexander | Secretary | 2010-10-29 | 2017-10-31 |
| KARIA, Manoj | Secretary | 1999-12-13 | 2002-01-07 |
| RICKENBACH, Josef Von | Secretary | — | 1999-12-13 |
| WALSHE, Michael Anthony | Secretary | 2003-03-13 | 2010-10-29 |
| LAWGRAM SECRETARIES LIMITED | Corporate Secretary | 2002-01-07 | 2003-03-13 |
| ARMSTRONG, Paul Joseph | Director | 2020-05-01 | 2024-05-21 |
| BATT, Douglas Alexander | Director | 2014-05-15 | 2017-10-31 |
| MACDONALD, Duncan Jamie | Director | 2018-03-16 | 2019-05-28 |
| MORFFEW, Andrew | Director | 2002-09-10 | 2003-12-19 |
| PHILPOTT, Barry Raymond | Director | 1997-07-03 | 2002-04-30 |
| SAYIGH, Anne Burchsted | Director | — | 1997-06-09 |
| SCOTT, Joseph Edward | Director | 2019-05-28 | 2020-05-01 |
| VON RICKENBACH, Josef Hieronymous | Director | — | 2018-03-15 |
| WINSCHEL JR, James Francis | Director | 2003-12-20 | 2014-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Parexel International Holding Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-06-15 |
Filing timeline
Last 20 of 168 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-26 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-10-26 | SH20 | capital | Legacy | |
| 2023-10-26 | CAP-SS | insolvency | Legacy | |
| 2023-10-26 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-14 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-06-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-03-09 | CH01 | officers | Change person director company with change date | |
| 2023-03-09 | CH01 | officers | Change person director company with change date | |
| 2023-03-09 | CH03 | officers | Change person secretary company with change date | |
| 2022-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-28 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.